The Federal Government via the Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country.
The Vice Chairman of NERC, Musiliu Oseni, made this known in a press conference in Abuja on Wednesday.
Power distribution companies (DisCos) will be allowed to raise electricity prices to N225 per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024, as reported by Leadership Newspaper.
Oseni however disclosed that the rate increase will only affect 15 per cent of the electricity customers in the country, that is, Band A.
He said, “We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 per cent now qualify as Band A feeders. These feeders only service 15 per cent of total electricity customers connected to the feeders.
“The commission has issued an order which is titled ‘April Supplementary Order’ and the commission allows a 235 kilowatt per hour.”
It is important to note that this review will not affect customers on the other bands.
Through research, we have found out that Band A customers are those who enjoy 20 hours of power supply on a daily basis.
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